This property looks like a bad Airbnb investment with a projected -16.35% first-year return on $114k initial cash invested.
-16.35%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$3,096
Rent
-$1,550
Cashflow
$37,152
Annual
$165
ADR
62%
Occupancy
37%
Confidence Low
98%
West Greenville Score
Cash Flow
$3,096 income − $4,646 expenses = $1,550 out of pocket
Investment Breakdown
|
Purchase Price
$456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$114k
Downpayment
20%
$91,200
Closing costs
1%
$4,560
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,096
Total Expenses
$4,646
Mortgage P&I
80%
$2,491
Property Taxes
18%
$553
Home Insurance
4%
$116
HOA
0%
$0
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Spectacular Lakefront Retreat on the Saluda | $5,205 | $276 | 3 | 2 | 0.39 mi |
Sunset Cottage -Waterfront with Kayaks | $2,980 | $158 | 2 | 1 | 0.03 mi |
Fisher's Paradise on Lake Saluda w Boat Ramp | $2,678 | $142 | 2 | 1 | 0.24 mi |
Lakehouse Retreat—Corporate and Workforce Housing | $3,659 | $194 | 2 | 1 | 0.38 mi |
Lakefront Paradise w Private Dock & Stunning Views | $3,017 | $160 | 2 | 1.5 | 0.42 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price